One of the key takeaways from our recent site visit, is that Palokas, South Palokas and Raja prospects all appear to be developing into deposits and geological modelling is underway in order to feed into an upcoming independent maiden resource

Cobalt content is not only increasing gold equivalent grades by 1-2g/t AuEq, but it is also improving width and continuity of the mineralized zones (Figure 2); metallurgical testwork studies are underway to assess the relationship of the cobalt minerals to the gold, sulphide and silicate minerals

The company remains focused on high-priority exploration targets on the property, which includes base of till drill hole and geophysical targets to
be tested with a ~2,000m diamond drill program commencing late September. We expect results from re-assaying and drilling to be upcoming catalysts
for the company, as it looks to build a maiden resource.

Drilling extended the Polokas zone 1.8km and 100m down plunge and as drilling continues, increased knowledge of the mineralized system is facilitating regional targeting with 1-2km step-out holes

Ground magnetic surveys will commence in late June while downhole electromagnetic surveys will begin in September, with the purpose of further refining winter 2019 drill targets

Assays from 36 drillholes have now been released with 39 holes currently being logged and assayed. We expect results from re-assaying and drilling
to be upcoming catalysts for the company, as it looks to build a maiden resource.

Mawson Resources Ltd.

New Cobalt Mineralization at Rajapalot

Impact: Positive

Mawson has identified significant intervals of cobalt mineralization at its Rajapalot project in Finland, which is currently associated with gold mineralization over an area of 3km by 4km and open in all directions.

Cobalt has potential to add by-product value to Rajapalot

Attractive option for future ethically-sourced cobalt for Europe

Over half the drill core remains to be re-assayed for cobalt content

We expect results from re-assaying and drilling to be upcoming catalysts for the company, as it looks to build a maiden resource.

Kairamaat 2-3 is a key portion of Rajapalot and winter only drilling area

Mawson is working to get the Kairamaat 2-3 permit re-granted, for follow-up drilling next winter

On the news, Mawson traded down 10.7% versus Finland peers Rupert Resources Inc. (TSXV:RUP) down 1.71% and Aurion Resources Ltd. (TSXV:AU) down 1.23%.
In our view, this move is appropriate given the increased risk and is likely to reverse as Mawson advances the process of having the permit re-granted.

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.